Wall Street opens mixed after another record close
It is a mixed opening on Wall Street following another record close on Tuesday. Shares in Macy's are up 4% after the retail giant reported its first quarterly sales growth in nearly four years, driven by strong demand for high-end apparel and accessories. Matt Orton, Head of Advisory Solutions and Market Strategy, says earnings growth is evidence of the underlying resilience of the US economy. Meanwhile, oil prices are creeping up as the fragile ceasefire between Iran and the US is being tested again with further exchanges of fire.
